Industry

  • Hyundai shipyard launches joint project to develop liquefied hydrogen fuel tank for ships
    Hyundai shipyard launches joint project to develop liquefied hydrogen fuel tank for ships SEOUL -- South Korea's Hyundai shipbuilding group launched a joint project to develop a liquefied hydrogen fuel tank for ships. The project aims to test-produce a fuel tank for small ships by the end of this year before embarking on the development of tanks for large vessels. The advantage of liquefied hydrogen is its high density compared to compressed gas, which means that more energy can be contained in a given volume for easy transportation. The project involves Korea Shipbuilding & September 6, 2021
  • Design of Hyundai shipbuilding groups ammonia fuel supply system wins approval in principle
    Design of Hyundai shipbuilding group's ammonia fuel supply system wins approval in principle SEOUL -- The conceptual design of a fuel supply system developed by South Korea's Hyundai shipbuilding group for an ammonia propulsion system has won approval in principle from Korean Register (KR), a domestic maritime classification society. The system has a double leakage prevention system that can completely block even a very small amount of leakage to maintain a high level of safety. The system is a highly efficient eco-frien September 3, 2021
  • Hyundai shipyard wins Maersks $1.4 bln order to build eight container ships powered by methanol
    Hyundai shipyard wins Maersk's $1.4 bln order to build eight container ships powered by methanol SEOUL -- South Korea's Hyundai shipbuilding group has secured an order from Maersk, the world's largest container shipping line and vessel operator, to build eight container ships powered by methanol, an inflammable liquid which is emerging as a new clean-burning fuel thanks to lower production costs and significantly reduces greenhouse gas emissions. The order worth 1.64 trillion won ($1.4 billion) calls for the delivery of eight 16,000-TEU cont August 25, 2021
  • Hyundai shipyard wins $577 mln order from U.S. oil company to build floating production system
    Hyundai shipyard wins $577 mln order from U.S. oil company to build floating production system SEOUL -- South Korea's Hyundai shipbuilding group has secured an order worth 659 billion won ($577 million) from an unnamed U.S. oil company to build a semi-submersible floating production system for oil and gas production. The system will be installed in an oil field 300 kilometers (186 miles) south of Louisiana in the second half of 2024. Korea Shipbuilding & Offshore Engineering (KSOE) affiliated with the shipbuilding gro August 6, 2021
  • Researchers develop laser-hybrid welding method for high manganese steel LNG fuel tanks
    Researchers develop laser-hybrid welding method for high manganese steel LNG fuel tanks SEOUL -- South Korean researchers have developed a new laser-hybrid welding method that can drastically reduce time to manufacture high manganese steel fuel tanks for liquefied natural gas carriers. The new method combines laser light and an electrical arc into an amalgamated welding process. The state-run Korea Institute of Machinery & Materials (KIMM) said its research team has teamed up with Daewoo Shipbuilding & Marine Engineering (DSME), a major domestic shipbu July 22, 2021
  • Hyundai shipyard completes construction of worlds largest LPG carrier
    Hyundai shipyard completes construction of world's largest LPG carrier SEOUL -- A subsidiary of South Korea's Hyundai shipbuilding group has completed the construction of the world's largest liquefied petroleum gas carrier installed with a dual-fuel propulsion system. It is equipped with an LPG fuel tank that enables the operation of about 31,700 kilometers (19,700 miles). The vessel, ordered by China's Bank of Communications Finance Leasing, is 229.98 meters long, 36.6 meters wide and 23.6 meters high. The LPG July 9, 2021
  • Samsung shipyards fuel cell-powered LNG carrier wins approval from classification society
    Samsung shipyard's fuel cell-powered LNG carrier wins approval from classification society SEOUL -- A liquefied natural gas carrier with an eco-friendly solid oxide fuel cell propulsion system developed by Samsung Heavy Industries and Bloom Energy, an American public company, has won basic design approval from DNV, a maritime classification society based in Norway, for commercialization. It would be the world's first LNG carrier operating on solid oxide fuel cells (SOFCs). Samsung Heavy Industries (SHI) has partnered with Bloom Energy to July 1, 2021
  • Regulations revised to approve domestic operation of ships powered by methanol
    Regulations revised to approve domestic operation of ships powered by methanol SEOUL -- South Korea has revised regulations to approve the domestic operation of ships powered by methanol, as the inflammable liquid is emerging as a new clean-burning fuel thanks to lower production costs and significantly reduces greenhouse gas emissions. The Ministry of Oceans and Fisheries said it has worked out revised inspection criteria for eco-friendly methanol fuel propulsion vessels. The revision requires inspectors to check whet June 17, 2021
  • Hyundai shipbuilders self-sailing boat makes successful test voyage
    Hyundai shipbuilder's self-sailing boat makes successful test voyage SEOUL -- A 12-seat cruise boat equipped with a self-sailing system made a successful test voyage without direct human intervention through a narrow canal in an event organized by the in-house venture of South Korea's Hyundai shipbuilding group. The demonstration was supervised from an inland control tower run by KT using a 5G network. The demonstration was held on June 16 through a crowded canal which has an average width of 10 meters in the southeastern industry port of June 16, 2021
  • Daewoo shipyard works on maritime intelligent system to thwart cyberattacks
    Daewoo shipyard works on maritime intelligent system to thwart cyberattacks SEOUL -- Daewoo Shipbuilding & Marine Engineering will work with a maritime cybersecurity solution provider in South Korea to develop an intelligent system that would ensure safe sailing and protect ships against ransomware and cyberattacks. Daewoo Shipbuilding & Marine Engineering (DSME) will conduct tests and act as an advisor to install a developed security solution on ships. "Cybersecurity technology will become more important if Level 3 self-driving ships June 16, 2021